Tips for Buying a Used Car

Before you begin looking for a used car, create a financial plan. Consider the total cost of the car, as well as the interest on an auto loan, monthly insurance premiums, maintenance, and fuel if it's a gas car. 

Typically, used cars are more affordable because their value has depreciated. This means you might have an easier time finding a vehicle that fits your budget. 

Once you've come up with a budget, start shopping for used cars! Consider your lifestyle and family size. A sedan may be the way to go if you're a neighborhood traveler. If you've got a growing family or like to travel, an SUV would be ideal, as they offer more passenger and cargo space. Minivans are great for those purposes, too. 

While shopping for a used car, look at different makes and models. Consider mileage, technology, and color as well. 

Your credit score will play a sizable role in getting approved for an auto loan and the interest rates you're offered. Those with unique credit situations may be eligible for a loan with a higher interest rate. Conversely, those with above-average credit will likely qualify for a lower interest rate. 

If you need to increase your score and have the means to do so, pay off any credit card or other loans you have. Also, examine your credit report and look for any errors you can dispute with your credit institution.

If you need to take out a loan for your used car, you'll want to find terms that work for you. Our Ford dealership offers plenty of flexible financing solutions, and we're happy to explore them with you. You can also shop around for other offers. 

If you choose to finance with us, you can easily apply online and review your options upon approval. A member of our finance team will happily sit with you to discuss your options.